Yeast is a key ingredient in the creation of many goods in the food and beverage sector, including animal feeds, probiotic drinks, alcoholic and non-alcoholic beverages and yeast extract. In order to improve the quality of bread goods, yeast is primarily used by the baking industry. The yeast market is expected to continue to expand during the forecast period due to the rising demand from these end-user industries which already contributes significantly to market growth. Additionally, rising consumer expenditure on wholesome organic food items is a major market driver for yeast. Regular consumption of organic food products such as yeast has numerous health benefits. These include cholesterol reduction, improved eyesight, skin rejuvenation, immune system stimulation and protection. Additionally, yeast has anti-oxidant properties that aid in preventing oxidative damage. This will encourage market expansion.
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Data Bridge Market Research analyses that the Yeast Market is expected to grow at a CAGR of 8.7% in the forecast period of 2022 to 2029 and is expected to reach USD 6.75 billion by 2029 from USD 4.63 billion in 2021.
Growing Demand for Organic Yeast Offerings is Expected to Drive the Market Growth
Organic food ingredients are growing in popularity due to their health advantages. Currently, the market for organic food ingredients as a whole is a specialized area. Organic food ingredients are often more expensive than conventional products because consumers are ready to pay more for items that contain organic food ingredients. This is due to the comparably high cost of manufacturing. This is so because a lot of people are concerned about the origins of their food and how it may affect their health and the environment. In order to address some of these issues, organic food ingredients are therefore growing in popularity.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Baker’s Yeast, Brewer’s Yeast, Wine Yeast, Bioethanol Yeast, Feed Yeast, Others), Form (Fresh Yeast, Active Dry Yeast, Instant Yeast, Others), Application (Food, Beverages, Bioethanol, Pharmaceuticals, Feed)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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Conagra Brands, Inc. (U.S.), London Dairy Co. Ltd (U.K.), Danone SA (France), ADM (U.S.), Daiya Foods Inc. (Canada), Grupo Bimbo S.A.B.de C.V.(Mexico), Associated British Foods PLC (U.K.), General Mills Inc. (U.S.), Lantmännen Unibake (Denmark), Aryzta AG (Switzerland), Vandemoortele NV (Belgium), Europastry S.A. (Spain), Cole’s Quality Food Inc.(U.S.)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
Global yeast market is categorized into three notable segments which are based on basis of type, form and application.
- On the basis of type, the market is segmented into baker’s yeast, brewer’s yeast, wine yeast, bioethanol yeast, feed yeast and others.
Baker’s yeast segment is dominating the global yeast market
Baker’s yeast segment is dominating the market with the market share of 47.13% due to the higher utilization of the yeast to improve the texture of dough and high demand of nutritional bakery product have led their utilization in baking goods.
- On the basis of form, the market is segmented into fresh yeast, active dry yeast, instant yeast and others.
Fresh yeast segment is dominating the global yeast market
Fresh yeast segment is dominating the market with the market share of 55.18% as these yeast is majorly preferred for the baking goods and high utilization of the yeast in baking goods have comprised the highest market share.
- On the basis of application, the market is segmented into food, beverages, bioethanol, pharmaceuticals and feed. Food segment is dominating the market with the market share of 46.34% as yeast is majorly preferred in cakes, bread and snacks to improve the texture dough and growing development of nutritional fermented products have led their dominance.
Major Players
Data Bridge Market Research recognizes the following companies as the major paint protection film market players in Yeast market are Conagra Brands, Inc. (U.S.), London Dairy Co. Ltd (U.K.), Danone SA (France), ADM (U.S.), Daiya Foods Inc. (Canada), Grupo Bimbo S.A.B.de C.V.(Mexico), Associated British Foods PLC (U.K.), General Mills Inc. (U.S.), Lantmännen Unibake (Denmark), Aryzta AG (Switzerland), Vandemoortele NV (Belgium), Europastry S.A. (Spain), Cole’s Quality Food Inc.(U.S.)
Market Development
- In 2020, Lesaffre inaugurated its subsidiary Lesaffre Ivoire's Baking Center in Abidjan. The new facility aims to develop cutting-edge technological innovations for bread-making solutions. Lesaffre has benefited from the growth by bringing in additional clients, which has increased sales for the business.
- In 2019, A joint venture for the sale, production, and distribution of baking and yeast ingredients in China was announced by Associated British Foods plc and Wilmar International in China. The joint venture will establish business standardisation for the company as well as strategic relationships.
- In 2019, Lallemand Baking introduced LalFerm, a fresh bakers yeast brand, in North America. For various uses, the new brand offers Bakers customised yeast solutions (lean dough, sweet dough, rich dough, frozen dough, flexible proofing, Vitamin D rich, etc.)
Regional Analysis
Geographically, the countries covered in the paint protection film market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in yeast market in the forecast period 2022 - 2029
Asia-Pacific is dominating due to the market due to rising demand for bakery goods and convenience foods as well as bioethanol as a fuel. China dominates the Asia-Pacific area.
North America is estimated to be the fastest growing region in yeast market in the forecast period 2022 - 2029
North America is expected to grow the global yeast market to technological developments, novel food ingredients, increased consumer demand, expanding inventive sectors, and changing consumer lifestyles, all of which are boosting market growth.
COVID-19 Impact Analysis
Nearly all businesses throughout the world have suffered as a result of the coronavirus outbreak. In order to address rising demand from health-conscious consumers amid the pandemic, market participants in the global yeast market have concentrated on raising production of premium yeast. Even though the coronavirus pandemic had some unfavorable consequences on the global yeast industry such as disrupting the supply chain, market players came up with creative ways to stay in business during the initial wave. Sales of yeast products have surged significantly during the coronavirus pandemic due to the growing popularity of preparing baking supplies at home. Increasing yeast demand in the food and beverage sectors is driving the global market.
For more detailed information about the Yeast market report, click here – https://www.databridgemarketresearch.com/es/reports/global-yeast-market
